German electronics retailer Ceconomy confirmed that JD.com has shown potential interest in acquiring them, and they are currently in deep discussions.

German electronics retailer Ceconomy AG announced on July 24th that it is in advanced talks with JD.com regarding a potential acquisition. JD.com is considering making a public takeover offer of 4.60 Euros per share for Ceconomy. The transaction could value Ceconomy at approximately 2.2 billion Euros. Ceconomy stated that the two parties have not yet signed any binding agreements, and it is uncertain whether JD.com will make a formal takeover offer.